EA II - P05

EA II - P05
INSTRUCTOR: PROF. P. MISHRA

ECONOMIC ANALYSIS - II

COURSE OUTLINE

I. Course Objective:

With the basic understanding of the theories relating to consumer behaviour and the theories of the firms (Concepts of Micro-economics), the present course on Macroeconomics (EA – II) is designed to make a systematic coverage of fundamental concepts and relationships among various macro-economic entities. This course provides a basic understanding of the theories and principles relating to the economy as a whole.

The course focuses primarily on how an economy function, the reasons for macro-economic fluctuations and the corrective measures taken from various spheres such as monetary, fiscal and inter-national trade.

The major purpose of this course is to enable the management students to develop familiarity with the fundamentals of macro-economic principles; understand the complexity and implications of fluctuations in macro-economic entities, examine the overall levels, growth and interaction of several macro-economic variables.

II. Course Contents

	*Contents*	*No. of* *Sessions*
1.	Overview – How do we measure an Economy’s progress?	3
2.	Fundamentals of macro-economic models-The classical approach	1
3.	Fundamentals of macro-economic models-The Keynesian Approach	3
4.	Business Fluctuations – What and Why	2
5.	Inflation – Causes and Cures	1
6.	Inflation and Unemployment	2
7.	Money – Nature, Function and Creation of Money	1
8.	Banking – Creation and Control of Credit and Role of Monetary Policy	2
9.	Function of Government – How much should governments do?	1
10	Public Revenue and Public Expenditure	2
11	International Trade and Balance of Payments	2

III. Books Prescribed for Reference:

1	William H Branson	-	Macro Economics Theory & Policy
2	Paul A Samuelson and William D Nordtaus	-	Economics
3	Milton H Spencer	-	Contemporary Economics
4	Campbell R Meconnel and Harish C Gupta	-	Introduction to Macro Economics
5	JC Poindester	-	Macro Economics
6	George Leland Bach	-	Macro Enconomics-Analysis, Decision Making & Policy
7	Roger Chisolm and Marilu Mecarty	-	Principles for Economics
8	Myron B Slovin and Marie E Sushka	-	Macro Economics for Managers
9	PN Joshi and MG Kocher	-	Finance and Trade
10	Cambell R Meconnel	-	Economics
11	Willian P. Albreeth, Jr.	-	Macro Economics Principles
12	W Duncan Reekie	-	Macro Economics for Managers
13	Lloyd G Reynolds	-	Macro Economics
14	David Gowland	-	Money, Inflation and Unemployment
15	Paul Heyne and Thomas Johnson	-	Towards Economic Understanding
16	William J Baurnol and Alen S Blinder	-	Economics
17	Roger N Wand	-	Economics
18	Stephen M Goldfield and Lester V Chandler	-	The Economics of Money and Banking
19	D Gopalkrishna	-	A Study of Managerial Economics
20	BO Sodersten	-	International Economics

IV. Evaluation:

Quizzes - 20%

Mid Term - 30%

End Term - 40%

Assignment- 10%

Best of Luck!

Created By: Partha Sen on 09/22/2005 at 11:04 AM
Category: PGP-I Doctype: Document

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